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Payments Fraud Cybercrime Overwhelm Corporate Security Efforts

Payments Fraud Cybercrime Overwhelm Corporate Security Efforts

Submitted by • July 30, 2020 www.go-mcafee.com

Despite plans to boost money on the enterprise security front, Sift Science’s research found that businesses today are expected to do more with less when it comes to cybersecurity. Only 9 percent said their budgets will increase their anti-fraud budgets, yet 70 percent said they are looking for a more efficient cybersecurity process. The same percentage said they are looking to automate their anti-fraud efforts. More than a fifth, meanwhile, said they are looking to increase cybersecurity staff to combat fraud issues.

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